Thomas Stringfellow, a well-known financial advisor in Johannesburg, had been placing client money in unregulated investment schemes since around 2010 – but the schemes have since collapsed.
Black and Indian doctors told the inquiry of bullying and non-payment by the schemes, which led to several of their colleagues taking their own lives.
Secret deal with city manager could cost ratepayers dearly.
The absence of vital documents meant the Auditor-General could not confirm that the R1.3 billion budget was exclusively used for the Alexandra Renewal Project.
The AG’s office couldn’t audit water and sanitation, roads and storm water projects, and the Gauteng department of human settlement’s procurement.
Contrary to Matjila’s statement, PIC employees who worked on the transaction and former Ayo executives have testified that the company was overvalued and stretched.

Deviation from PIC processes for Ayo deal was justified, says Matjila

The Iqbal Survé-linked transaction is one of the most controversial to be interrogated at the commission of inquiry.

Mkhwebane to investigate Kieswetter’s appointment

Sars will face two more investigations by the office of the public protector into ‘HR processes’.

#AlexInquiry: Land, service delivery top the challenges in township

A short-term action plan includes an extensive clean-up campaign, fixing sewerage spillage, and addressing the proliferation of illegal structures.

#AlexInquiry: Lesufi tables dept’s challenges during Alex shutdown

‘If you can’t get education right, you can’t get Alexandra right, allow education to proceed,’ he said.

#AlexInquiry: Cogta’s Obed Bapela takes the stand

Maile testified on Tuesday about the billions of rands meant for the Alexandra Renewal Project which allegedly went missing.

Matjila begins detailing Survé’s plan to clear Independent Media’s PIC debt

At the time the investment in Independent Media was considered, neither the PIC board nor the Government Employees Pension Fund supported the transaction.

Court hears that Mkhwebane ignored Gordhan’s efforts to respond to her findings

The minister’s legal defence says he was entitled to respond in connection with every aspect of the adverse finding against him.

Deadline for Jiba and Mrwebi’s reinstatement plea looms

Ramaphosa fired the pair following Yvonne Mokgoro’s recommendation.

Moyo’s high court bid calls for purge of entire Old Mutual board

The axed CEO wants a new interim board to be appointed, and wants Old Mutual chair Trevor Manuel and about 12 non-executive directors to be declared delinquent.

WATCH: Pravin has nowhere to hide now – Shivambu

Former Sars employee Keletso Manyike insists the Public Protector’s report is correct and rejects author Jacques Pauw’s apology.

Moyo was comfortable with Manuel’s potential conflict of interest – Old Mutual

The insurer turned the tables on its former CEO, saying he was also responsible for the company paying Trevor Manuel’s legal fees in his battle against the Guptas.

Matjila tells commission he was a ‘victim of vulnerability’

The former PIC CEO said that when operations were replaced by Malusi Gigaba and his deputy Sfiso Buthelezi in March 2017, this marked the beginning of instability at the institution.

Matjila tells inquiry politically-connected people put pressure on PIC 

He says some politically-connected people would bypass him and exerted their influence on the senior executives.

PIC inquiry: I was accused of blocking foreign direct investment into SA, says Matjila

He says his refusal to support a Chilean drugmaker was another issue that caused tension between him and the ministry of finance.

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